Ayusarita Satriani 311368 – IUP BUSINESS UGM Financial Management ENRON Resources: http://en.wikipedia.org/wiki/Enron_scandal ; http://news.bbc.co.uk/2/hi/business/1780075.stm; http://finance.laws.com/enron-scandal-summary Enron is an energy company that successfully grew from nowhere to be America’s seventh largest company‚ which has 21‚000 staff in more than 40 countries in 15 years. It was one of the world’s leading electricity‚ natural gas‚ communications‚ and pulp and paper companies
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to act ethically. When an individual is asked to do something that they may even suspect would be detrimental to their livelihood‚ then they have all the rights given to them to not follow through with that action. In the case of Betty Vinson of WorldCom‚ while she had the clear understanding that her actions were wrong‚ she clearly kept personal financial safety ahead of her moral and ethical standards. This eventually translated into an even more detrimental result‚ which was jail time. She clearly
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The Science of Catalysts and Catalytic Converters Hosam Sadek February 19th‚ 2013 Catalyst is a term that is used for a chemical agent that selectively increases the rate of a reaction without itself being affected. In the human body‚ enzymes are naturally occurring catalysts responsible for many essential biochemical reactions. These catalysts participate in the reactions‚ but are neither reactants nor products of the reaction they catalyze. The only difference between a catalyzed reaction and
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The main catalyst for conflict is fear My father loves to tell me stories about my great grand father‚ who was once a member of the Chinese communist army. I was told that although my great grand father fought many battles against the Japanese‚ he never fought because of his own believe or own hatred‚ the only reason for all his battles is because he was scared. The fear that China will be dominated by another empire and our family might suffer due to the lost of war has caused him to join the war
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Behind Closed Doors at WorldCom: 2001 1. Two General Accounting employees—Dan Renfroe and Angela Walter—made journal entries in the amount of $150 million and $171 million‚ respectively‚ without detailed support. It was noted that this was not out of the ordinary at WorldCom. In your opinion‚ was this a proper accounting practice? Explain. Though this may not be out of the ordinary for WorldCom‚ this is not a correct accounting practice. The way the entries were made does not comply with the proper
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The Catalyst for Women in Financial Services May 9‚ 2012 University of the Incarnate Word Table of Contents Executive Summary……………………………………………………..__ Project Description………………………………………………………__ Literature Review………………………………………………………..__ Research Questions……………………………………………………..__ Methodology….………………………………….………………………..__ Sample…………………………………………………………………………__ Main Findings….…………………………….….………………………..__ Expected Outcomes….…………………………………………………
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CONFLICT CAN BE A CATALYST FOR CHANGES For as long as human has existed‚ conflict has been a part of our daily life. Tragedy‚ sadness and many other changes might be some of results due to conflict. It affects all of us although its effect might differ. During a process of conflict‚ our position could have changed if the side we support get weakened. People are likely to switch their ideas‚ feelings and beliefs to other side in order to be inclusive with others. Indeed‚ as the nature of conflict
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Catalysts in the Women’s Suffrage Movement There were particular women who worked tirelessly throughout their lives to obtain the right for women to vote‚ and they became some of the most important catalysts involved in the fight for the women’s suffrage from 1848 to 1920. Alice Paul was an American suffragist‚ women’s rights activist‚ and the main leader of the campaign for the Nineteenth Amendment which was ratified in 1920. Susan B. Anthony and Elizabeth Cady Stanton were earlier social reformers
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WORLDCOM‚ INC: CORPORATE BOND ISSUANCE Introduction This case raises many interesting questions concerning the record setting issuance of corporate debt by WorldCom‚ Inc. (“WorldCom”). Both the surprisingly voluminous structure of the proposed issuance and the foreboding macro-economic climate in which it was slated spark concerns over the risk and cost of the move. One of the first questions that must be addressed is whether WorldCom’s timing was appropriate. Next‚ the company’s choice of
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capitalization of operating expenses • management promoted culture fixed on the numbers • board of directors’ failure to scrutinize billion-dollar acquisitions • excessive loans to executives in order protect stock prices Financial Overview of WorldCom (in Billions) Financial Highlights 1994 1999 2001 2004 Revenues $2.2 $37.1 $35.2 $20.7 Total Assets $3.4 $91.1 $103.9 $17.1 Employees $7.5 $97.6 $87.8 $40.4 Market Cap. $3.3 $150.5 $42.8 $6.4 Debt $0.8 $13.1 $30.0 $5.9 Total Capitalization
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